Home / Knowledge / News / Apparel/Garments / 'Apparel constitutes 60% of Sri Lankan exports to EU'
'Apparel constitutes 60% of Sri Lankan exports to EU'
09
May '14
Around 60 percent of the US$ 3.27 billion worth Sri Lankan exports to the EU made in 2013 were apparel, according to Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen.
 
Addressing the second EU-Sri Lanka Trade Dialogue at a hotel in Colombo, Mr. Bathiudeen said, “In 2013, sixty percent of our exports to EU were apparel. The relationship built on apparel trade has become a strategic partnership with major buyers in the EU.”
 
“Today, Sri Lanka has become a value creator to its strategic partners. This significant development, in our exports to the EU is the growth in our apparel exports despite the loss of GSP plus facility in August, 2010,” he added.
 
The EU-Sri Lanka Trade Dialogue, aimed at promoting EU-Sri Lanka bilateral trade further, was organized by the European Chamber of Commerce Sri Lanka (ECCSL), in association with the European Union (EU) and the Sri Lanka Export Development Board (SLEDB).
 
The two-day forum addressed areas such as market research for potential business in the EU, upgrading sectors with European technology and innovation, and access to finance for technology enhancement. 
 
During the discussion at the forum, it was emphasized that Sri Lankan businesses should become aware that benefits of certain facilities and trade concessions would not be available as the country graduates to a middle income economy.
 
Another point that was highlighted at the discussion was the opportunities for Sri Lankan exporters, including textile and garment exporters, to utilize raw material from Asean member countries, for which the EU has issued comprehensive guidelines on how the materials are to be used for value addition.
 
In 2013, Sri Lanka’s earnings from textile and garment exports grew by 13 percent year-on-year to $4.508 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search